Equity
Equity fell by 55% in 7 years.
Equity fell by 55% in 7 years.
Of this, €74,145 falls due within a year.
The last five annual accounts were filed 3 to 40 days before the end of the period.
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 35% of them on solvency, 35% on liquidity, 59% on profitability and 71% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,984 companies had the same profile as ZO has now. Each dot stands for 10 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ZO itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,984 companies, not a prediction for ZO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.02 (0.97 in 2024), below the usual 1.5. Short-term debt is 52.6% and cash 11.6% of total assets. 76.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ZO Ghent | €140,921 | €30,068 | 23.8% | - |
| POLYDORA Antwerp | €153,102 | €36,136 | 91.1% | - |
| SAFIRO Anderlecht | €114,159 | €35,293 | 90.7% | - |
| V.D.A. Fosses-la-Ville | €176,993 | €19,571 | 92.7% | - |
| CUISIMEUBLES ET DECOR Mouscron | €185,443 | €29,391 | 38.7% | - |
| LAMY INTERNATIONAL Ltd Antwerp | €102,261 | €17,335 | -330.1% | - |
| VANKO Beveren-Kruibeke-Zwijndrecht | €147,458 | €64,431 | 87.2% | - |
These companies have the same main activity as ZO: wholesale of non-electrical household articles (NACE 46494). They are comparable in size and age: total assets between €102,000 and €185,000, founded between 1989 and 1995.
ZO files the micro format. That format states no turnover. The gross margin rose from €16,464 in 2007 to €30,068 in 2025.
The balance sheet grew most in 2008 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €95,000 and €320,000.
Higher than 37% of 13,785 companies in 2025.
Higher than 29% of 13,165 companies in 2025.
Higher than 48% of 13,344 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
140,921 | 169,095 | 160,867 | 169,613 | 180,496 | 194,655 | 197,949 | 239,350 | 248,269 | 262,647 | 267,060 | 273,550 | 270,636 | 271,371 | 287,320 | 294,499 | 294,767 | 304,644 | 64,915 | |
21/28 |
65,139 | 81,427 | 88,489 | 105,540 | 118,644 | 128,784 | 125,163 | 136,227 | 150,681 | 165,135 | 178,141 | 196,835 | 198,232 | 200,461 | 213,897 | 227,969 | 241,320 | 213,808 | 5,930 | |
22/27 |
65,139 | 81,427 | 88,489 | 105,540 | 118,644 | 128,784 | 125,163 | 136,227 | 150,681 | 165,135 | 178,141 | 196,835 | 198,232 | 200,461 | 213,897 | 227,969 | 241,320 | 213,808 | 5,930 | |
22 |
55,150 | 70,600 | 86,050 | 101,500 | 116,949 | 126,242 | 121,484 | 135,648 | 149,812 | 163,977 | 178,141 | 190,927 | 193,914 | 200,190 | 212,719 | 225,864 | 237,002 | 205,914 | - | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 726 | 1,925 | 3,124 | 4,490 | 2,226 | |
24 |
9,989 | 10,827 | 2,439 | 4,041 | 1,695 | 2,542 | 3,679 | 579 | 869 | 1,158 | - | 5,909 | 4,317 | 271 | 452 | 180 | 1,167 | 3,199 | 3,096 | |
26 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27 | 205 | 607 | |
29/58 |
75,782 | 87,668 | 72,378 | 64,072 | 61,851 | 65,871 | 72,786 | 103,122 | 97,587 | 97,511 | 88,919 | 76,715 | 72,405 | 70,910 | 73,423 | 66,530 | 53,447 | 90,836 | 58,985 | |
3 |
55,113 | 52,067 | 58,161 | 46,117 | 49,696 | 49,703 | 44,577 | 49,791 | 44,923 | 40,848 | 44,150 | 43,873 | 46,420 | 56,206 | 52,596 | 50,951 | 33,884 | 33,538 | 37,188 | |
30/36 |
55,113 | 52,067 | 58,161 | 46,117 | 49,696 | 49,703 | 44,577 | 49,791 | 44,923 | 40,848 | 44,150 | 43,873 | 46,420 | 56,206 | 52,596 | 50,951 | 33,884 | 33,538 | 37,188 | |
40/41 |
1,935 | 1,679 | 650 | 815 | 2,534 | 1,942 | 2,743 | 1,415 | 16,451 | 24,911 | 19,983 | 4,687 | 1,385 | 1,662 | 2,633 | 8,780 | 6,820 | 22,250 | 8,208 | |
40 |
1,935 | 1,679 | 375 | 359 | 1,982 | 1,348 | 2,743 | 1,415 | 15,587 | 21,153 | 18,773 | 2,270 | 1,385 | 1,662 | 2,633 | 7,818 | 5,778 | 22,250 | 6,207 | |
41 |
- | - | 275 | 456 | 552 | 594 | - | - | 864 | 3,758 | 1,210 | 2,417 | - | - | - | 962 | 1,042 | - | 2,001 | |
54/58 |
16,343 | 31,844 | 11,681 | 15,403 | 8,142 | 12,796 | 23,908 | 51,776 | 35,134 | 31,627 | 24,661 | 27,998 | 23,599 | 13,039 | 18,194 | 6,179 | 12,743 | 35,048 | 13,590 | |
490/1 |
2,391 | 2,077 | 1,887 | 1,738 | 1,480 | 1,430 | 1,558 | 140 | 1,079 | 125 | 125 | 157 | 1,000 | 3 | - | 620 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
140,921 | 169,095 | 160,867 | 169,613 | 180,496 | 194,655 | 197,949 | 239,350 | 248,269 | 262,647 | 267,060 | 273,550 | 270,636 | 271,371 | 287,320 | 294,499 | 294,767 | 304,644 | 64,915 | |
10/15 |
33,570 | 29,260 | 32,264 | 44,555 | 35,894 | 44,247 | 48,469 | 75,085 | 73,793 | 71,458 | 63,668 | 63,268 | 59,549 | 47,863 | 39,914 | 39,574 | 32,609 | 46,063 | 41,287 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | - | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | 6,192 | |
11 |
- | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 12,400 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
32,155 | 32,155 | 32,155 | 32,155 | 23,494 | 31,847 | 36,069 | 62,685 | 61,393 | 59,058 | 51,268 | 50,868 | 47,149 | 35,463 | 33,663 | 33,663 | 33,663 | 33,663 | 28,887 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
- | - | - | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | 13,199 | |
133 |
18,956 | 18,956 | 18,956 | 17,097 | 8,436 | 16,789 | 21,011 | 47,627 | 46,334 | 44,000 | 36,210 | 35,810 | 32,091 | 20,405 | 18,605 | 18,605 | 18,605 | 18,605 | 13,829 | |
14 |
-10,984 | -15,294 | -12,291 | - | - | - | - | - | - | - | - | - | - | - | -6,149 | -6,489 | -13,454 | - | - | |
17/49 |
107,351 | 139,835 | 128,603 | 125,058 | 144,601 | 150,408 | 149,480 | 164,265 | 174,476 | 191,188 | 203,392 | 210,282 | 211,087 | 223,508 | 247,406 | 254,925 | 262,158 | 258,581 | 23,628 | |
17 |
31,553 | 49,171 | 65,867 | 81,689 | 96,682 | 110,890 | 124,354 | 137,114 | 149,205 | 160,663 | 171,521 | 181,811 | 191,562 | 200,802 | 209,559 | 217,857 | 225,721 | 233,173 | - | |
170/4 |
31,553 | 49,171 | 65,867 | 81,689 | 96,682 | 110,890 | 124,354 | 137,114 | 149,205 | 160,663 | 171,521 | 181,811 | 191,562 | 200,802 | 209,559 | 217,857 | 225,721 | 233,173 | - | |
42/48 |
74,145 | 90,663 | 61,083 | 41,716 | 46,266 | 37,865 | 23,472 | 25,085 | 23,616 | 28,872 | 31,871 | 26,809 | 19,526 | 21,052 | 36,194 | 35,415 | 30,842 | 23,029 | 21,248 | |
42 |
17,618 | 16,696 | 15,822 | 14,993 | 14,208 | 13,464 | 12,759 | 12,091 | 11,458 | 10,858 | 10,290 | 9,751 | 9,240 | 8,757 | 8,298 | 7,864 | 7,452 | 7,062 | - | |
44 |
6,331 | 10,914 | 7,599 | 5,633 | 1,207 | 1,539 | 7,267 | 6,083 | 5,845 | 12,399 | 17,479 | 10,124 | 4,644 | 4,474 | 12,024 | 1,387 | 9,472 | 3,057 | 7,542 | |
440/4 |
6,331 | 10,914 | 7,599 | 5,633 | 1,207 | 1,539 | 7,267 | 6,083 | 5,845 | 12,399 | 17,479 | 10,124 | 4,644 | 4,474 | 12,024 | 1,387 | 9,472 | 3,057 | 7,542 | |
46 |
- | 1,822 | 1,113 | - | - | - | 700 | - | - | - | - | 1,775 | 1,224 | - | 3,040 | 1,156 | - | 794 | - | |
45 |
26,967 | 28,198 | 7,744 | 4,636 | 6,792 | 3,124 | 2,183 | 6,742 | 5,848 | 4,648 | 2,947 | 4,623 | 3,770 | 7,455 | 12,227 | 17,002 | 11,774 | 9,382 | 10,048 | |
450/3 |
4,500 | 9,074 | 3,615 | 2,593 | 3,252 | 3,124 | 2,183 | 6,742 | 5,848 | 4,648 | 2,947 | 4,623 | 3,770 | 2,955 | 2,327 | 3,502 | 1,874 | 3,082 | 4,098 | |
454/9 |
22,467 | 19,124 | 4,129 | 2,042 | 3,541 | - | - | - | - | - | - | - | - | 4,500 | 9,900 | 13,500 | 9,900 | 6,300 | 5,950 | |
47/48 |
23,228 | 33,034 | 28,805 | 16,454 | 24,059 | 19,738 | 563 | 169 | 465 | 966 | 1,155 | 536 | 647 | 366 | 604 | 8,007 | 2,145 | 2,735 | 3,658 | |
492/3 |
1,653 | - | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 2,066 | 1,655 | 1,653 | - | 1,661 | - | 1,654 | 1,653 | 1,653 | 5,595 | 2,380 | 2,380 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | 537 | - | - | - | - | 3,400 | - | - | - | |
9900 |
30,068 | 22,695 | 14,088 | 35,620 | 17,685 | 21,438 | -977 | 27,804 | 29,080 | 36,920 | 33,386 | 39,868 | 42,374 | 35,957 | 29,705 | 34,826 | 17,722 | 30,191 | 16,464 | |
630 |
18,316 | 17,512 | 17,052 | 16,876 | 16,188 | 16,036 | 15,301 | 14,454 | 14,454 | 14,454 | 20,073 | 20,004 | 15,699 | 14,083 | 14,524 | 15,628 | 16,621 | 17,524 | 6,683 | |
640/8 |
4,237 | 3,983 | 4,309 | 3,519 | 2,970 | 2,905 | 2,592 | 2,895 | 3,153 | 2,929 | 2,844 | 3,354 | 2,423 | 2,276 | 2,575 | 2,686 | 1,988 | 1,923 | 637 | |
9901 |
7,514 | 1,200 | -7,272 | 15,225 | -1,473 | 2,497 | -18,870 | 10,455 | 11,473 | 19,536 | 10,469 | 16,510 | 24,252 | 19,598 | 12,606 | 16,512 | -886 | 10,743 | 9,144 | |
75/76B |
145 | 56 | 170 | 241 | 113 | 657 | 349 | 387 | 1,580 | 1,147 | 573 | 220 | 253 | 178 | 39 | 213 | 536 | 369 | 167 | |
75 |
145 | 56 | 170 | 241 | 113 | 657 | 349 | 387 | 340 | 1,147 | 573 | 220 | 253 | 178 | 39 | 213 | 536 | 369 | 167 | |
76B |
- | - | - | - | - | - | - | - | 1,240 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
3,348 | 4,215 | 5,134 | 5,885 | 6,938 | 7,322 | 8,040 | 8,637 | 9,241 | 9,831 | 10,418 | 10,958 | 11,386 | 11,825 | 12,303 | 12,697 | 13,104 | 4,966 | 35 | |
65 |
3,348 | 4,215 | 5,134 | 5,885 | 6,938 | 7,322 | 8,040 | 8,637 | 9,241 | 9,831 | 10,418 | 10,958 | 11,386 | 11,825 | 12,303 | 12,697 | 13,104 | 4,966 | 35 | |
9903 |
4,312 | -2,959 | -12,237 | 9,580 | -8,298 | -4,168 | -26,561 | 2,205 | 3,813 | 10,852 | 1,162 | 5,771 | 13,120 | 7,950 | 341 | 7,428 | -13,454 | 6,146 | 9,276 | |
67/77 |
2 | 45 | 54 | 920 | 54 | 55 | 54 | 913 | 1,478 | 3,062 | 762 | 2,052 | 1,434 | 1 | 1 | 463 | - | 1,371 | 2,194 | |
9904 |
4,310 | -3,004 | -12,291 | 8,660 | -8,352 | -4,223 | -26,615 | 1,292 | 2,334 | 7,790 | 400 | 3,719 | 11,686 | 7,949 | 340 | 6,965 | -13,454 | 4,776 | 7,083 | |
9905 |
4,310 | -3,004 | -12,291 | 8,660 | -8,352 | -4,223 | -26,615 | 1,292 | 2,334 | 7,790 | 400 | 3,719 | 11,686 | 7,949 | 340 | 6,965 | -13,454 | 4,776 | 7,083 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-10,984 | -15,294 | -12,291 | 8,660 | -8,352 | -4,223 | -26,615 | 1,292 | 2,334 | 7,790 | 400 | 3,719 | 11,686 | 1,801 | -6,149 | -6,489 | -13,454 | 4,776 | 7,083 | |
14P |
-15,294 | -12,291 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 8,352 | 4,223 | 26,615 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 8,660 | - | - | - | 1,292 | 2,334 | 7,790 | 400 | 3,719 | 11,686 | 1,801 | - | - | - | 4,776 | 7,083 | |
6921 |
- | - | - | 8,660 | - | - | - | 1,292 | 2,334 | 7,790 | 400 | 3,719 | 11,686 | 1,801 | - | - | - | 4,776 | 7,083 | |
| Document | ||||||||||||||||||||
The accounts for 14 older financial years (1993-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 22-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 22-12-2025 | 2025-00587327 | |
| 30-06-2024 | micro format | 06-01-2025 | 2025-00630386 | |
| 30-06-2023 | micro format | 05-01-2024 | 2024-00543653 | |
| 30-06-2022 | micro format | 26-12-2022 | 2022-20548146 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-03700249 | |
| 30-06-2020 | micro format | 28-12-2020 | 2020-77600263 | |
| 30-06-2019 | micro format | 15-01-2020 | 2020-01500247 | |
| 30-06-2018 | micro format | 02-01-2019 | 2019-00200570 | |
| 30-06-2017 | micro format | 26-12-2017 | 2017-73400463 | |
| 30-06-2016 | abbreviated format | 29-12-2016 | 2016-72200089 | |
| 30-06-2015 | abbreviated format | 15-12-2015 | 2015-69000251 | |
| 30-06-2014 | abbreviated format | 22-12-2014 | 2014-70200521 | |
| 30-06-2013 | abbreviated format | 06-12-2013 | 2013-67800585 | |
| 30-06-2012 | abbreviated format | 24-12-2012 | 2012-67600321 | |
| 30-06-2011 | abbreviated format | 26-12-2011 | 2011-65300508 | |
| 30-06-2010 | abbreviated format | 20-12-2010 | 2010-63600178 | |
| 30-06-2009 | abbreviated format | 18-12-2009 | 2009-89800091 | |
| 30-06-2008 | abbreviated format | 12-12-2008 | 2008-85000277 | |
| 30-06-2007 | abbreviated format | 18-12-2007 | 2007-83900058 | |
| 30-06-2006 | abbreviated format | 18-12-2006 | 2006-91403004 | |
| 30-06-2005 | abbreviated format | 13-12-2005 | 2005-89400567 | |
| 30-06-2004 | abbreviated format | 16-12-2004 | 2004-86002310 | |
| 30-06-2003 | abbreviated format | 11-12-2003 | 2003-83101918 | |
| 30-06-2002 | abbreviated format | 17-12-2002 | 2002-77205214 | |
| 30-06-2001 | abbreviated format | 05-12-2001 | 2001-74000431 | |
| 30-06-2000 | abbreviated format | 21-12-2000 | 2000-77101377 | |
| 30-06-1999 | abbreviated format | 04-04-2000 | 2000-08800242 | |
| 30-06-1998 | abbreviated format | 18-03-1999 | 1999-05101048 | |
| 30-06-1997 | abbreviated format | 16-02-1998 | 1998-02701763 | |
| 30-06-1996 | abbreviated format | 31-01-1997 | 1997-01503766 | |
| 30-06-1995 | abbreviated format | 22-12-1995 | 1995-61000984 | |
| 30-06-1994 | abbreviated format | 28-11-1994 | 1994-48204942 | |
| 30-06-1993 | abbreviated format | 04-02-1994 | 1994-01903755 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25,831 | 18,711 | 9,779 | 32,100 | 14,715 | 18,533 | -3,569 | 24,909 | 25,927 | 33,990 | 30,543 | 36,514 | 39,951 | 33,681 | 27,130 | 32,139 | 15,734 | 28,267 | 15,827 | ||
| 22,626 | 14,508 | 4,761 | 25,536 | 7,836 | 11,813 | -11,314 | 15,746 | 16,788 | 22,244 | 20,473 | 23,723 | 27,384 | 22,032 | 14,865 | 22,592 | 3,167 | 22,300 | 13,766 | ||
| 2,028 | 10,450 | 0 | 3,772 | 6,290 | 42,932 | 4,237 | 0 | 0 | 1,448 | 1,379 | 18,608 | 13,469 | 647 | 452 | 2,277 | 44,132 | 225,403 | 5,464 | ||
| -15,502 | 20,163 | -3,722 | 7,260 | -4,654 | -11,112 | -27,868 | 16,642 | 3,507 | 6,966 | -3,337 | 4,399 | 10,561 | -5,155 | 12,015 | -6,565 | -22,304 | 21,458 | - | ||
| 1,638 | -2,995 | 11,296 | 22,356 | 15,585 | 28,006 | 49,314 | 78,037 | 73,971 | 68,639 | 57,048 | 49,905 | 52,879 | 49,858 | 37,229 | 31,115 | 22,605 | 67,807 | 37,737 | ||
| 23.8% | 17.3% | 20.1% | 26.3% | 19.9% | 22.7% | 24.5% | 31.4% | 29.7% | 27.2% | 23.8% | 23.1% | 22.0% | 17.6% | 13.9% | 13.4% | 11.1% | 15.1% | 63.6% | ||
| 1.02 | 0.97 | 1.18 | 1.54 | 1.34 | 1.74 | 3.10 | 4.11 | 4.13 | 3.38 | 2.79 | 2.86 | 3.71 | 3.37 | 2.03 | 1.88 | 1.73 | 3.94 | 2.78 | ||
| 0.28 | 0.39 | 0.23 | 0.43 | 0.26 | 0.43 | 1.20 | 2.13 | 2.23 | 1.96 | 1.40 | 1.23 | 1.33 | 0.70 | 0.58 | 0.44 | 0.63 | 2.49 | 1.03 | ||
| 3.20 | 4.78 | 3.99 | 2.81 | 4.03 | 3.40 | 3.08 | 2.19 | 2.36 | 2.68 | 3.19 | 3.32 | 3.54 | 4.67 | 6.20 | 6.44 | 8.04 | 5.61 | 0.57 | ||
| 12.8% | -10.3% | -38.1% | 19.4% | -23.3% | -9.5% | -54.9% | 1.7% | 3.2% | 10.9% | 0.6% | 5.9% | 19.6% | 16.6% | 0.9% | 17.6% | -41.3% | 10.4% | 17.2% | ||
| 3.1% | -1.8% | -7.6% | 5.1% | -4.6% | -2.2% | -13.4% | 0.5% | 0.9% | 3.0% | 0.1% | 1.4% | 4.3% | 2.9% | 0.1% | 2.4% | -4.6% | 1.6% | 10.9% | ||
| 7.72 | 4.44 | 1.90 | 5.45 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,028 | €10,450 | - | €3,772 |
| €18,316 | €17,512 | €17,052 | €16,876 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is nearly 6.3 times that of 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 82.7% to 76.2%. Equity is higher and debt is lower.
ZO has no parent and no holdings in its annual accounts. Allaeys Philippe is the only director. ZO shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rooigemlaan 631 registered office 9000 Ghent | 17-09-1992 | 2.058.842.519 |
| 15-11-2018 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 06-09-2018 · project 2018104649 | Gent |
| 24-08-2018 | Discontinued | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 07-08-2018 · project 2018087326 | Gent |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44816K0478/00M000 | 343 m² | 1 · 362 m² | 11.0 m · 2 |
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